Miami-based fast-food company considers purchasing Tim Hortons, forming new company in Canada

Burger King is in talks to buy Tim Hortons and form a new publicly listed company based in Canada.

The two fast-food companies announced Sunday that Burger King majority owner 3G Capital would continue to own the majority of shares of the new company, with the remainder held by shareholders of Tim Hortons and Burger King.

The companies say Miami-based Burger King Worldwide Inc. and Ontario-based Tim Hortons Inc. would continue to operate as separate brands but would share corporate services.

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